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FOX Business
Feb 10, 2013 1:00am EST
the problem like we did with the tax, but yet the budget deficit will not go away under any form of the decade. it's got cuts and arbitrary and some things cutting, irs agents, yeah, going to save salary that year, but going to do less audits and more treasures to the salary. this doesn't save necessarily anything for the government if it's arbitrary cuts. you've got to be careful about the larger cuts that don't hurt revenue earnings potential of the u.s. treasury. >> john lay field. automatic cuts may not be the best way of cutting spending, but they cut spending, is that good? >> yeah, but it's nothing. brenda, we've got to look at this. what jonas is talking about is spot on. these guys ran on tax increases and what they did was extend the bush tax cuts, they ran on spending cuts and having to-- over the next decade, we're running trillion dollar deficits, by the cbo and president obama's budget in ten years from now talking about cutting 1 trillion out of that 48 trillion dollars. this is absolutely nothing. it doesn't even move the meter. >> brenda: well, steven, in the short-term this g
Search Results 0 to 1 of about 2 (some duplicates have been removed)